NITI Aayog proposes a streamlined evaluation process in the pharma and medical research sector in bid to boost innovation
The NITI Aayog has proposed sweeping changes to the approvals process in the pharmaceutical and medical research sector in order to encourage innovation. NITI Aayog, with the Prime Minister’s Office in loop, has asked several ministries involved in the overall process of product (drug or vaccine) development, to streamline, update and simplify the process.
“There is lack of predictable regulations and approval timelines for innovation in the medical sector,” NITI Aayog said in a letter to the health ministry.
It also directed the ministry to convene a meeting of all the ministries involved and move forward on restructuring the process of granting approvals and reviewing the regulatory process..................Read more